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General Cable Corporation (NYSE: BGC) has issued a statement in response to recent investigative journalism by the U.
S
.
Department of Justice (DOJ).
Under the U.
S.
Foreign Corrupt Practices Act (FCPA), the U.
S.
Department of Justice investigative journalism reports involving a number of businesses
, including General Cable.
In response, General Cable said: "We have always and always complied with the terms
of our December 2016 Non-Prosecution Agreement (NPA) with the Department of Justice.
”
General Cable said it would communicate regularly with the Justice Department as required by the NPA, and the company is not aware of any new Justice Department enforcement actions or investigations
against the company.
At the end of December 2016, General Cable agreed to pay fines totaling more than $75 million to the U.
S.
Department of Justice and the SEC to settle allegations of violations of the U.
S.
Foreign Corrupt Practices Act
.
The company is accused of bribing local government officials in China, Angola, Bangladesh, Egypt, Indonesia and Thailand to win business
.
General Cable Corporation (NYSE: BGC) has issued a statement in response to recent investigative journalism by the U.
S
.
Department of Justice (DOJ).
Under the U.
S.
Foreign Corrupt Practices Act (FCPA), the U.
S.
Department of Justice investigative journalism reports involving a number of businesses
, including General Cable.
In response, General Cable said: "We have always and always complied with the terms
of our December 2016 Non-Prosecution Agreement (NPA) with the Department of Justice.
”
General Cable said it would communicate regularly with the Justice Department as required by the NPA, and the company is not aware of any new Justice Department enforcement actions or investigations
against the company.
At the end of December 2016, General Cable agreed to pay fines totaling more than $75 million to the U.
S.
Department of Justice and the SEC to settle allegations of violations of the U.
S.
Foreign Corrupt Practices Act
.
The company is accused of bribing local government officials in China, Angola, Bangladesh, Egypt, Indonesia and Thailand to win business
.
